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Select Board approves $5.58 million loan for new Jackson fire station
Summary
The Jackson Select Board authorized a $5,582,135 loan from the Bank of New Hampshire at 5.13% interest to finance a new fire station; the board also agreed to audit financial statements back to 2023 to confirm beginning balances before finalizing records.
The Jackson Select Board on June 2 voted to sign closing documents for a $5,582,135 loan from the Bank of New Hampshire to finance a new fire station.
Chair Barbara Campbell said the loan carries a 5.13% interest rate with an issue date of June 6, 2025, and that there is no early‑payment penalty. The board also agreed to commission an audit of town financial statements dating back to 2023 to confirm beginning balances before moving forward with related financial reporting and future borrowing needs.
“Moving forward we will be having an audit of our financial statements going back to 2023 for confirming beginning balances,” the meeting record states.
Campbell moved to sign the closing documents; Select Board member Frank DiFruscio seconded the motion. The motion passed with all members present voting in favor. The board did not record a roll‑call vote in the minutes; the public record lists the result as “All approved.”
Next steps noted at the meeting: the town will execute the closing documents and proceed with the planned audit to finalize financial starting balances and to support future borrowing decisions.
